Summary:
- Amro Partners and Aviva Investors have formed a joint venture to invest in purpose-built student accommodation (PBSA) across Germany, targeting a portfolio of 3,000 beds valued at over €500 million within three years.
- The partnership’s first acquisition is a €60 million development in Berlin’s Charlottenburg district, featuring 200 student rooms near the Technical University of Berlin, scheduled to open before the 2028/2029 academic year.
- Germany’s large and growing student population faces a significant undersupply of PBSA, with just over 8% provision rate; the partnership aims to deliver high-quality, DGNB Platinum-rated schemes close to universities and transport links, supporting Amro’s European expansion beyond Iberia.
Original article:
https://www.amropartners.com/amro-partners-and-aviva-investors-launch-pbsa-platform-in-germany/
